Question
PHILIPPINE TAXATION (TRAIN LAW) In 2020, QWERTY gave a property with a fair market value of 2,000,000 with unpaid mortgage of 200,000 to be paid
PHILIPPINE TAXATION (TRAIN LAW)
In 2020, QWERTY gave a property with a fair market value of 2,000,000 with unpaid mortgage of 200,000 to be paid by him, to his son ABC and ABCs' bride, on account of marriage 15 months ago.
The donor's tax payable is:
- 344,000
- 120,000
- 105,000
- 300,000
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
